The yuan’s decline is set to gain momentum over the next few months as markets factor in a deteriorating economy hit by Chinese authorities’ fight against another Covid outbreak. Analysts at Credit Agricole, Standard Chartered Bank, BNP Paribas and HSBC Bank lowered their forecasts as the yuan fell more than 3% this month. A Bloomberg […]
Yuan to Continue the Downside as Greenback Soars Read More »
The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to safety increasing during the US trading session, global equities suffered heavy losses, and
Forex Market Roundup: Risk Flows Keep Dollar Dominating Read More »
With so many things to consider, whether you decide to buy stocks, it’s easy to skip a few key considerations. One of the reasons may be stop-loss orders. A trading stop-loss order can make a huge difference when used correctly. Thus, it can bring significant benefits to everyone. What is a stop loss in forex
Why Is Stop-loss Important in Forex Trading? Read More »
Many new traders are unaware of the term technical indicator and its role in forex trading. However, technical indicators are one such tool with which a trader can understand the pricing movements on a better level. These indicators help identify forex trends and assess the market under the situations of overbought/oversold. In addition, there are
Top 5 Technical Indicators for forex trading Read More »
Many factors contribute to your success in the market. Successful trading entrepreneurs are the people who have gained a lot of experience, such as knowledge of the basics of the market, and use it to their advantage. But in addition to knowledge and experience, trading psychology can also significantly impact your trades. For example, improper
Forex psychology: Why do traders fail? Read More »
The volume profile is a tool for traders, where you can find a basic level that the leading players in the market consider when trading. You can also name it horizontal volume. The value of this trading tool lies in the fact that it can mix and match with any marketing strategy. Furthermore, after analyzing
What is the volume profile in forex trading? Read More »
It is good to have a Forex trading plan that will guide you to achieve your goals when you start trading. Many startups deal with enthusiasm and reaction to market activities. However, they often make many mistakes because they don’t have a specific plan. Therefore, let’s emphasize how you can create a robust trading plan.
How to create a Forex trading plan? Read More »
Getting ultimate success in Forex trading does not happen overnight. A lot of effort and hard work is involved with a vast understanding of knowledge about the basics of forex trading. Many novices are roaming around here and there to get a one-line answer on how they can develop their career in forex trading. However,
How to develop your career in Forex Trading? Read More »
Do you know the main difference between the demo and real trading accounts? How will both trading accounts help you gain successful profits in less time? We all know that demo accounts have been quite popular among novice traders for learning some basics of forex trading and how it works. But do you know why
Why do traders make money on the demo while failing on real accounts? Read More »
The beginning of the month guarantees a revision of the seasonal patterns that have somehow affected the foreign exchange markets in the past few years. In February, we focus on the next five years and ten years of performances. With this comparison, you can see how trade has been dominated ever since the government increased
Forex Seasonality for April Read More »
